Jose Ramirez has signed a contract extension with the Cleveland Guardians, keeping him with the team until his age-39 season in 2032. This new deal restructures the remaining three years and $69 million from his previous contract, adding $106 million for the 2029-32 seasons. A significant aspect of this extension is the $70 million deferred payment; starting from 2026, Ramirez will receive $25 million per year, deferring $10 million annually. This arrangement allows the Guardians more financial flexibility for short-term roster improvements.
Ramirez, who turned 33 last September, has impressive career stats with 285 home runs and a bWAR of 57.6, ranking him fifth in franchise history. He continues to perform at a high level, recently finishing third in AL MVP voting after a standout season. His commitment to the Guardians, despite the team’s financial constraints, is notable; he is a seven-time All-Star and has expressed a strong desire to remain in Cleveland.
The timing of this extension raised questions, as there was no immediate pressure to finalize it, but it may be a strategic move ahead of potential changes in collective bargaining agreements that could limit deferred contracts. This extension marks Ramirez’s third contract with the Guardians, reflecting his valued status within the organization and a significant investment in his continued performance.
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